The most recent “Voices of Gen Z” study, a joint project of Gallup and the Walton Family Foundation, had both encouraging and concerning news. The encouraging news was this: Members of Gen Z (those born from 1997 to 2012)…
The United States is the world’s largest economy, in terms of GDP, with a recent value of $27.72 trillion. What explains American economic success? The answer is quite simple: free markets that transcend local, state, and national lines. As the…
The federal budget remains a disaster, and for all the splashy talk of cost-cutting and tariff-driven revenue, Americans know it. Especially galling is that the latest fiscal wreckage is being overseen by an administration that promised business acumen and conservative…
As I write this, I have no idea what the final structure of President Trump’s tariff policy will be. So far, it has been on-again, off-again. But some of the rhetoric of Mr. Trump and members of his administration has…
Republicans claim they are slashing government, but they’re about to explode the budget deficit to extend President Donald Trump’s tax cuts — which would balloon interest payments on the national debt, already one of the largest expenses in the federal…
Trade wars are back in fashion. And so is Milton Friedman. A video of Friedman explaining the miracle of the pencil has gone viral, amassing 42.5 million views and being shared by Elon Musk and many others. The video underscores…
President Trump’s sweeping tariffs, announced on April 2, 2025—Liberation Day—have ignited market turmoil. Stock markets are plummeting, investors are scrambling for clarity, and many well-regarded conservatives are struggling to rationalize a confounding policy supporting tariffs. Three common fallacies are emerging…
Texaco. ITT Industries. Union Carbide. International Business Machines. Beatrice. Fifty years ago, in April 1975, these were among the largest companies in the United States by revenue, forming the upper crust of that year’s Fortune 500 list and familiar to every…
If you believe the political rhetoric, you probably think America’s industrial base has been hollowed out, gutted, or “shipped overseas.” Across the ideological spectrum, people say U.S. manufacturing is in decline. They argue mostly about who’s to blame and how…
